Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1031 S Palmetto Ave, Unit N1 Ontario, CA 91762

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $484,000

    Comfortable, updated 2-bedroom townhome with modern amenities and convenient location.

    Property Features for 1031 S Palmetto Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Kathleen Acosta
    Source: Kw

    Listing Agent: Kathleen Acosta

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Updated Townhome with Greenbelt Views

    This updated end-unit townhome features 2 bedrooms and 2.5 bathrooms. The property includes soaring ceilings and an open-concept living area with luxury vinyl flooring. A fireplace adds to the ambiance, flowing into a private patio with greenbelt views. The bathrooms have been upgraded, and the kitchen is well-appointed. The corner location provides extra privacy and natural light. Upstairs, there are two private bedroom suites. The primary suite includes a walk-in closet and full bath, while the secondary suite has its own bath. A downstairs powder room is also included. The property has a two-car attached garage with direct access. Community amenities include a pool, spa, and landscaped grounds. Water and trash service are included.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pyramid Construction Inspection Building Inspector my dream hair Cosmetic Store R&J Woodworking Hardware & Home Improvement

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    San Bernardino
    State
    California
    Longitude
    -117.6672349
    Latitude
    34.0526596

    Nearby Similar for Sale

    • $690,000
      3,002 SF

      Ontario Commercial Property For Sale

      Two-building commercial property suitable for owner-user or investment.
      545 E California St, Ontario, CA 91761
      View Details
    • $735,000
      2,428 SF

      Ontario Industrial Building with Yard

      Two-unit industrial building with private yard for sale.
      210 E State St, Ontario, CA 91761
      View Details
    • $200,000
      798 SF

      Restaurant Business Opportunity in Ontario

      Restaurant business for sale in revitalizing Ontario corridor.
      765 W Holt Blvd, Ontario, CA 91762
      View Details
    • $1,225,000
      3,006 SF

      Ontario Commercial Property For Sale

      Retail showroom, office, and warehouse near Ontario International Airport.
      1795 E Holt Blvd, Ontario, CA 91761
      View Details
    • $1,000,000
      Pending

      Ontario Commercial Property with IC Zoning

      Commercial property in Ontario, CA, with versatile industrial zoning.
      10735 Vernon Ave, Ontario, CA 91762
      View Details
    • $3,849,000
      Pending

      Versatile Commercial Property in Ontario

      Spacious lot with warehouse, office, and convenient location.
      2023 S Bon View Ave, Ontario, CA 91761
      View Details
    • $1,190,000
      3,308 SF

      Ontario Commercial Space with Warehouse

      Renovated commercial space with offices and warehouse in Ontario.
      1115 S Grove Ave, Ontario, CA 91761
      View Details
    • $800,000

      Trade Show Booth Fabrication Company

      Profitable trade show booth fabrication company serving North America.
      620 S Magnolia Ave, Ontario, CA 91762
      View Details
    • $780,000
      Pending

      Detached Triplex in Upland, CA

      Well-maintained triplex with detached homes, stable income, convenient location.
      811 E Nocta St, Ontario, CA 91764
      View Details
    • $150,000
      1,300 SF

      Turnkey Restaurant Business Opportunity

      Prime Ontario, CA location near the 15 Freeway and Auto Center.
      Ontario, CA 91761
      View Details
    • $1,190,000

      Renovated Commercial Space in Ontario

      Commercial space with offices and warehouse in Belmont & Grove.
      1115 S Grove Ave, Ontario, CA 91761
      View Details
    • New
      $1,425,000
      3,950 SF

      Ontario Quadruplex For Sale

      Ontario quadruplex with 3,950 square feet of living space.
      746 Corvette Dr, Ontario, CA 91764
      View Details

    FAQs

    What type of property is this?
    Specialty property - Comfortable, updated 2-bedroom townhome with modern amenities and convenient location.
    Where is this specialty property located?
    The property is located at 1031 S Palmetto Ave, Unit N1 Ontario, CA.
    What is the asking price?
    The asking price for this property is $484,000.
    What are key features of this property?
    This property features: - Conveniently located for Los Angeles commuters, with easy access to freeways, restaurants, and shopping.; - Features resort-style amenities including a **pool, spa, and landscaping**, with water and trash service included in HOA fees.; - **Updated 2-bedroom, 2.5-bath end-unit townhome** with modern bathrooms and a well-appointed kitchen.
    (909) 731-7191
    Request Owner's contact information
    1031 S Palmetto Ave, Unit N1 Ontario, CA 91762
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1031 S Palmetto Ave, Unit N1
    Ontario, CA 91762
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1031 S Palmetto Ave, Unit N1 Ontario, CA 91762
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kathleen Acosta
    (909) 731-7191
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!